Wednesday, March 15, 2006
Headlines--- Classified Ads----Asset Management ######## surrounding the article denotes it is a “press release”
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San Francisco, California today * Austin, TX. Bloomfield Township, MI. Boston, MA Chicago, IL Chicago, IL Princeton, NJ Sausalito, Ca Sonoma, CA Wilton, CT. For a full listing of all “job wanted” ads, please go to: http://64.125.68.91/AL/LeasingNews/JobPostings.htm To place a free “job wanted” ad, please go to: http://64.125.68.91/AL/LeasingNews/PostingForm.asp * (The panoramic photograph by James Blakeway is from one from the largest collection of cities, and highest quality. The above is an expanded “thumb nail” version. The original is clearer and more colorful, All panoramic photographs are discounted 35% for quick sale to reduce our overloaded inventory so order now and take advantage of this sale to get beautiful panoramic photographs at a great price. All panoramic photos now just $27.93 http://www.retrocollection.com/htmlpages/panorama.htm) -------------------------------------------------------------- Archives--March 15, 2005---Sal Maglietta Enjoys a Good Cigar
The new president and CEO of U.S. Bancorp Equipment Finance Sal Maglietta's immersion into golf coincided with his emerging appreciation for cigars. As with golf, cigars played a bit role in his youth, only in this case the impact was positive. "I had an uncle and a cousin who always had cigars in their mouths," he says. "It looked good. I thought, 'I want to be that kind of guy.' My uncle never smoked them: they were just in his mouth, those little Parodis." Once Maglietta started golfing frequently, cigars became a central part of the ritual. "A cigar became like ham-and-eggs at the first tee," he says. "Before I tee off, I light one up and lay it on the tee marker. That's when I usually smoke, when I play golf, or sometimes afterwards if we're sitting around having sandwiches." Maglietta isn't partial to a specific brand, but "I do like the robusto-sized cigars. I once had Nat Sherman's in New York make some cigars for me, but they were too strong. My preference is for a light, rather than a dark." When asked what draws him to cigars, he responds, "It's a personal thing. You get an enjoyment. A little bit of solitude helps pass the time of day. It's relaxing. Especially here in Portland where I get a view of the greenery, something you don't see in New York City, unless you go to Central Park. Here I can step outside the building, take a break, and enjoy the scenery, plus have a good cigar. ” -------------------------------------------------------------- Better Programs up-dated: “Leasing Software” list
Full list located here: http://www.leasingnews.org/elease/software.htm--------------------------------------------------------------
Simplified Consumer Credit Score Introduced
Equifax, Experian and TransUnion who have utilized "Fair Issac" and other formula's have agreed to a new common one called "Vantage Score." A -- 901-990 B -- 801-900 C -- 701-800 D -- 601-700 F -- 501-600 The higher the score, the more creditworthy the consumer is considered and the lower the interest rate the consumer is likely to be charged. The three credit agencies termed the move to a unified score as "unprecedented." The top end is slightly higher than scores currently in use. In using scores today by leasing companies, most commonly a "FICO" method named after the developer Fair Issac, a 650 is considered the threshold for automatic approval. Anything about 700 is very good. Many companies will not consider a rating under 600, and 550 is a "drop dead" point even for "story credit" funders. The reaction by leasing and financial companies was mixed. Many thought this more a promotion for consumers to learn their credit rating than a boon for the industry. Thomas G. Grudnowski, the chief executive officer of Fair, Isaac, said that "for the past 20 years, we've been both cooperating and competing with the credit bureaus ... and that will continue." He added that it could take a long time to establish a competing system. There are about four separate scoring systems in use today, and the new version will improve reporting by 30 percent, they stated in a joint press release. "The new VantageScore leverages the collective experience of the industry's leading experts on credit data, scoring and analytics. Under the new scoring system, credit score variance between credit reporting companies will be attributed to data differences within each of the three consumer credit files and not to the structure of the scoring model or data interpretation.” “The new score was expected to reduce the variance in a consumer's scores by about 30 percent compared with what it was under the old system.” The credit reporting agencies said in their announcement that VantageScore "will provide consumers and businesses with a highly predictive, consistent score that is easy to understand and apply." Consumer advocacy groups expressed concern that the new scoring system would not eliminate one of the biggest problems in the industry which is incorrect information in consumers' credit files. "That means it's a new recipe, but the same old ingredients," said Jean Ann Fox, director of consumer protection with the nonprofit Consumer Federation of America in Washington, D.C. "It doesn't address the underlying accuracy of the credit reports on which the scores are based." VantageScore is being independently marketed and sold separately through each of the three national credit reporting companies via licensing agreements with VantageScore Solutions LLC, the joint announcement said. The spokesmen said that VantageScore was jointly owned by the three credit bureaus. They said it did not yet have a headquarters, although an informational Web site had been set up at www.vantagescore.com. The credit reporting agencies are operated by Equifax Inc. of Atlanta, Experian Information Solutions Inc. of Costa Mesa, Calif., and TransUnion LLC of Chicago. By combining cutting-edge, patent-pending analytic techniques with a highly intuitive scale for scoring, VantageScore will provide consumers and businesses with a highly predictive, consistent score that is easy to understand and apply. VantageScore uses score ranges from 501 to 990. VantageScore is being independently marketed and sold separately through each of the three national credit reporting companies via licensing agreements with VantageScore Solutions, LLC. VantageScore is commercially available beginning today. The press release concluded: “About Equifax “Equifax Inc. (NYSE:EFX, www.equifax.com) is a global leader in turning information into intelligence. For businesses, Equifax provides faster and easier ways to find, approve and market to the right customers. For consumers, Equifax offers easier, instantaneous ways to buy products or services, and better insight into and management of their personal credit. Headquartered in Atlanta, Equifax reported annual revenue of over $1.4 billion in 2005, and employs over 4,500 employees in 13 countries in North America, Latin America and Europe. “Equifax. Information That Empowers. “This message contains information from Equifax Inc. which may be confidential and privileged. If you are not an intended recipient, please refrain from any disclosure, copying, distribution or use of this information and note that such actions are prohibited. If you have received this transmission in error, please notify by e-mail postmaster@equifax.com. “About Experian “Experian is the global leader in providing value-added information solutions to organizations and consumers. It has an unrivaled understanding of individuals, markets and economies around the world. Experian provides information, analytics, decision-making solutions and processing services. It assists organizations in understanding their markets and customers and helps them find, develop and manage profitable customer relationships to make their businesses more profitable. Experian promotes greater financial health and opportunity among consumers by enabling them to understand, manage and protect their personal information, helping them control financial aspects of key life events and make the most advantageous financial decisions. Experian works with more than 50,000 clients across diverse industries, including financial services, telecommunications, health care, insurance, retail and catalog, automotive, manufacturing, leisure, utilities, e-commerce, property and government. A subsidiary of GUS plc with headquarters in Nottingham, UK, and Costa Mesa, Calif., Experian employs 12,000 people in 31 countries who support clients in more than 60 countries. Annual sales exceed $2.5 billion. “For more information, visit the company's Web site at www.experian.com. “The word "Experian" is a registered trademark in the EU and other countries and is owned by Experian Ltd. and/or its associated companies. “About TransUnion “TransUnion is a leading global information solutions company that customers trust as a business intelligence partner and commerce facilitator. TransUnion offers a broad range of financial products and services that enable customers to manage risk and capitalize on market opportunities. The company uses leading-edge technology coupled with extensive analytical capabilities to combat fraud and facilitate credit transactions between businesses and consumers across multiple markets. Founded in 1968, Chicago-based TransUnion employs 4,100 associates that support clients in 29 countries. Visit us at www.transunion.com.” On the Net: www.equifax.com -------------------------------------------------------------- Feds to Extradite Allserve's Alleged Mastermind
In one of the biggest frauds to hit the leasing industry recently, $83 million, and to Bank of America, Bank of Lodi, Bank of the West, Central Valley Community Bank, CIT, Citi Capital, Commonwealth Capital, Continental Bank, Excel Bank, Fifth Third Leasing, First Financial, GATX Technology, Irwin Business Finance, Key Equipment Finance, MB Financial Bank North Fork Equipment Leasing, Overland Leasing Group, Pullman Bank & Trust, Republic Bank, Sovereign Bank, CIT Group, US Bancorp Technology Leasing. These companies would have done a strip search if the deal were presented by a “leasing broker,” but when it comes from a manufacturer or dealer, it's a go from the very beginning with the promise of more to follow. Allserve Systems Corp, New Brunswick, New Jersey filed bankruptcy last November ( ironically the same bankruptcy judge Rosemary Gambardella who is handling the NorVergence bankruptcy.) Paradoxically this is another IT company, but this one was world wide. According to their web site, the Allserve network boasted of operations in New Jersey , Texas and four other states, as well as overseas. The web site states the company had a work force of 3,000, and in the company claimed revenues of $97 million, and spoke of plans to double its worldwide payroll to 6,000 by the start of this year. http://prweb.com/releases/2004/1/prweb97656.htm Recently an order to sell off all assets was made and another credit claims hearing to be held, but in reality, there is nothing left. UNITED STATES BANKRUPTCY COURT
District of New Jersey MLK Jr Federal Building Case No.: 05-60401-RG Chapter: 7 Judge: Rosemary Gambardella In Re: Debtor(s) (name(s) used by the debtor(s) in the last 8 years, including married, maiden, trade, and address): Allserve Systems Corp. Social Security No.: Employer's Tax I.D. No.: 74-2644177 NOTICE OF PROPOSED SALE BY PUBLIC AUCTION
Charles A. Stanziale Jr., Trustee in the above captioned case, proposes a sell at public auction of certain property of the estate as described below. If any creditor or other party in interest has an objection to the sale, the objection and a request for a hearing on such objection shall be in writing, served upon the person named below, the Trustee, and the Clerk of the United States Bankruptcy Court. Such objection and request shall be filed with the Clerk and served upon the person named below on or before March 27, 2006. In the event an objection is timely filed, a hearing will be held before the Honorable Rosemary Gambardella on: DATE: 3/28/06 TIME: 10:00a.m. COURTROOM: 3E If no objection is filed with the Clerk and served upon the person named below on or before March 27, 2006, the auction sale will be held: DATE: 3/30/06 TIME: 12:00noon LOCATION: 204 North Center Dr., North Brunswick, NJ Unless otherwise stated, the public sale will be free and clear of liens. Liens, if any be claimed, will attach to the proceeds of the public sale and the validity and extent of such liens will be determined at a later time. All sales for cash or equivalent, payable at 25 percent at the time bid is made for personal property and 10 percent at the time bid is made for real estate with balance payable in full on approval of sale or delivery. The trustee reserves the right to reject any and all bids or to withdraw any item of property from the sale at any time before the sale is completed. DESCRIPTION OF PROPERTY TO BE SOLD Various office furniture and equipment consisting of but not limited to: desks, file cabinets, chairs, tables, modular work area stations, storage cabinets,
The alleged Master Mind, Dinesh Dalmia, is reportedly in his homeland of India, being detained, as the Federal prosecutors want him extradited and convicted of all counts, up to 40 years or more. First they have to bring him to the United States. Reportedly lawyers on both sides have been trying to track down the missing computer equipment and cash. Perhaps sent to India or to an offshore bank account, both US, Great Britain and India law enforcement are seeking answers. "Dalmia himself has reportedly moved on to the BPO business and is known to be running major call centers at Gurgaon, Bangalore and Chennai!," reports Sucheta Dalal, in “financialexpress.com.” Allegedly long linked to the Allserve network in the Indian press, Dinesh Dalmia insists he has nothing to do with the now bankrupt company. "The Chennai correspondent of The Indian Express, Jaya Menon, checked out the addresses listed under the Allserve name," Chennai reported. "As in India , the American creditors allege there is no explanation for $35 million of cash that vanished from the Allserve books between July and October last year.” US authorities says he fled the United Sates to avoid prosecution, sending cash to foreign banks before he left. Reportedly he had been running his scamming operation from a mansion in Fort Lee, N.J., since late 2003, sending money overseas since he started the scam. Last January, Dalmia fled again - this time from the U.S. after a series of articles in The New York Post exposed him as the apparent head of a New Jersey-based white-collar crime syndicate. He was apprehended by Indian authorities after returning to his native country early last month. According to the New York Post, "The evasive tycoon is now being held under court orders for involuntary "scientific treatment" under a controversial Indian government program that includes 'brain mapping' and chemical injections to force criminal defendants to cooperate during interrogations. According to press reports in India, the government wants Dalmia to divulge the whereabouts of more than $100 million that he allegedly looted from investors in that country. Dalmia first came to the attention of federal authorities after a series of exposs in New York Post revealed him to have been living openly in Fort Lee, N.J., since late 2003, despite a worldwide Interpol arrest notice. The Post coverage identified Dalmia as the alleged mastermind behind the looting of a North Brunswick, N.J., computer-services company called Allserve Systems Corp., which filed for bankruptcy in Newark last November. The Post drew back the curtain on Dalmia's operations, from secret offshore bank accounts, to his alleged use of forged invoices for bogus companies at fake addresses - all to swindle blue-chip lenders such as IBM Credit Corp. out of millions in equipment finance contracts. Federal prosecutors and the FBI, which launched a nationwide probe of Dalmia's activities, eventually identified some 20 different multi-million dollar contracts with swindled lenders from San Francisco to Boston. The government is believed to be preparing criminal charges against additional individuals in the probe as well, it was reported.-------------------------------------------------------------- Classified Ads—Help Wanted Account Executive
Financial Analyst
Lease Representatives
Sales Manager
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Let's Make a Deal" Registration Fees: 45 Funding Sources and 375 Attendees So Far... ACC Capital If you're an equipment lessor, you're in demand. Your originations are strong, your credit quality is good, your profitability is steady, and 2006 promises more of the same. That's why funding sources want you! They need solid investments, and few could be better than leasing right now. It's elementary: You have business that needs funding. Funding sources have capital that needs to be put to work. So...Let's Make a Deal! http://www.elaonline.com/events/2006/fundexhome.cfm 45 Funding sources are currently registered and waiting to meet with you. Take a look at this impressive list http://www.elaonline.com/events/2006/fundexhiblist.cfm And, as soon as you register as an attendee on line, you can sign up for appointments with these funding source exhibitors. The best timeslots go fast, so be sure to register TODAY! FUNDING SOURCE EXHIBITORS--Limited booth space is still available, so don't be left out of this important event. Join the list of other funding sources already signed up. Go to http://www.elaonline.com/events/2006/FundingExhib/exhibitors/ and register as an exhibitor today. Or contact Sally Maloney, smaloney@elamail.com 703/516-8362. --------------------------------------------------------------
EARLY-BIRD REGISTRATION DEADLINE: Today, MARCH 15, 2006 Don't miss the opportunity to attend NAELB's exciting 15th Annual Conference and SAVE $$ by registering before this Wednesday, March 15. Register by fax at 877-875-4750 or online at www.naelb.org. HOTEL RESERVATION DEADLINE: MARCH 22, 2006 The cut-off date for hotel reservations at the conference rate of $125 is March 22, 2006. After this date, the Hilton Minneapolis Hotel will honor reservations on a space and rate availability basis. Don't lose your spot at NAELB's conference hotel. Please call the Hilton Minneapolis today at (888) 933-5363. 2006 NAELB EXHIBITORS WANT YOUR BUSINESS! Check out these 50 fabulous funding sources and companies that will be represented at this year's annual conference. They can't wait to buy your next deal! ACC Capital Corporation
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GATX sells Pembroke AirFive.aero GATX has announced that it is selling its shareholding in Pembroke Group, the Irish operating lessor. The US finance company is also selling 36 aircraft from its own portfolio. "Management identified certain assets from both its wholly owned aircraft fleet and its affiliate investments that were not yielding an acceptable level of return and targeted these assets for disposition," said GATX in a statement to the Securities and Exchange Commission. GATX says that it expects to complete the sale of Pembroke by the end of 2006. Rolls Royce is known to be considering selling its 50% shareholding in Pembroke, although it has not yet made a formal announcement. -------------------------------------------------------------- Cartoon
-------------------------------------------------------------- Are you Licensed or Don't Care?
The State of California under the California Finance Lenders Law (CFLL) has declared "sales/leasebacks" to be "loans," and subject to the regulations of consumer and commercial loans. http://leasingnews.org/PDF/Sale_leaseback.pdf For years Leasing News has been writing about certain states requiring licenses for those involved in leases that are not true "rentals." California gets criticized for any of its laws from SB 20 and SB 50 'Electronic Waste Recycling Act' and the landmark idea of an eWaste fee'. Many believe none of these laws are necessary. Let's go back to the days of the Triangle Shirt Factory fire or processing of meat, no poultry inspections, and days when you could drive drunk on the streets. They do not view laws as “protection,” but as an obstruction to any behavior they seek. It is surprising in the Leasing News "lists" how many funders do not require a license (there are many other states that require "broker/lessors" and "funders" to be licenses.) It is surprising that even though the associations have had courses, conferences, and industry leaders such as the legal counsel for the National Association of Equipment Leasing Brokers Joe Bonanno recommends having a CFLL license, very few are licensed. Even worse, many funders also don't seem to care. As surprising is how many “broker/lessors” do not even have a business license. This is a real can of worms as some cities believe that if you have an asset in their city and are collecting a "rental payment," you are doing business in their city and subject to their city business license ( in San Francisco there is an "ad valorem" tax. ) Many brokers and lessors obtain state licenses and argue that the state license supersedes having to obtain a city business license. In reality, house painters and contractors, licensed by the state, must have a city license if they do any work in a city. Even attorneys don't want to have anything to do with this subject, as they should also be required to have a city license if they visit their client or attend a court hearing in another jurisdiction. Some cities enforce this, others get information from the county assessor or city permit bureaus, and also charge penalties. So to have a city business license should be standard to not only protect your business, contribute to the services of your city or town (as this is one of the purposes,) but it should also be important to demonstrate to your customers that you are a professional and licensed. As to a state sales tax license, if you are collecting any sales or use tax in more than three transactions are year in a state, your business should have such a license, which also may require a bond. Many will only obtain these licenses if they are caught. They think it is “Smart Business:” To get away with as much as you can until you are caught. To learn more about the California Finance Lender's Law: http://www.leasingnews.org/Conscious-Top%20Stories/cal_license.htm Loan/Lease Broker Laws in other states ( this is not complete:) http://www.leasingnews.org/Conscious-Top%20Stories/Loan_Lease_Statue.htm In putting the lists together, Leasing News was hoping to get better cooperation to demonstrate how many funders required a license. We were surprised how many do not, and may be another reason they do not want to complete the full information required: See Answer "B"--Butler Capital/SunBridge Capital/Puget Sound Leasing/ First Heritage Bank/First Federal Leasing/Advantage Funding/Alco Leasing/ Bank Financial/BWC Equipment Leasing/Centennial Bank/Padoco Leasing/ http://www.leasingnews.org/Funders_Only/Funders.htm --------------------------------------------------------------
### Press Release ########################### Microsoft Lowers Minimum Lease/Finance to $3000 Microsoft Extends Financing Option to Small Businesses Qualifying customers in the United States can get 36-month loans for solutions that include Microsoft software and cost as little as $3,000 BELLEVUE, Wash. — — As its first Small Business Summit kicked off yeserday, Microsoft Corp. announced that it is enabling a greater number of small businesses to take advantage of the financing offerings available through Microsoft Financing by lowering the minimum transaction size from $10,000 to $3,000 (all dollar figures are U.S.). As a result of lowering the transaction limit, Microsoft is enabling qualifying customers in the United States to get 36-month loans for complete IT solutions, including hardware and services, in addition to Microsoft® software. In addition, Microsoft is further reaching out to small businesses by making a 90-day deferred payment promotion available on all qualifying transactions and loans of $3,000 or more, an offer that until today was available only on transactions above $10,000. The promotion, previously slated to expire March 31, will extend until June 30 for all loans that are closed by that date, company officials said. With the addition of small-business announcements and partnerships revealed today, the new financing option and the deferred payment promotion are yet another example of Microsoft's continued investment in providing solutions and resources designed for small businesses. The expanded Microsoft Financing offering is available immediately from authorized Microsoft partners, so customers don't have to spend time finding financing from a separate company that may not finance the entire solution or just the software by itself. “We know that cash flow is a top concern for small businesses and that they look for practical tools to help keep money flowing smoothly,” said Doug Leland, general manager for small business for the Worldwide Small and Midsize Solutions & Partner Group at Microsoft. “Whether small businesses simply need to update their PCs or plan to invest in their first server or a new custom business application, the fixed-rate loans from Microsoft Financing enable customers to shift their focus to acquiring what they need to move their business forward, instead of how they will pay for it.” “Microsoft Financing is unique in that we finance the complete solution, including Microsoft and non-Microsoft software as well as the partner services,” said Brian Madison, general manager of Microsoft Financing. “Financing partner services is especially significant because small businesses typically don't have IT staffs to do the implementation and maintenance. By lowering the minimum to $3,000, we can help small businesses acquire the IT solutions they need to grow their business while helping them save their cash reserves and line of credit for other needs.” Customer Benefits Accrue Customer and partner feedback were key drivers in helping Microsoft offer this new financing option. Microsoft research showed that although many small-business owners are intensive credit card users, customer feedback indicates that most prefer to use third-party financing or leasing over using cash or credit cards when making IT purchases over $5,000. (For most small businesses, a significant technology purchase typically ranges from $3,000 to $10,000, including partner services.) “Microsoft Financing gives small-business customers choices and options right now, when they need it,” said Harry Brelsford, president of SMB Nation Inc., a systems integrator and consultant that specializes in small and midsize business installations in Seattle. “The availability of Microsoft's one-stop software, hardware and services financing package creates an obvious solution for customers that believe they have no money to pay for other IT needs.” More information about Microsoft Financing for small-business customers can be found in the How to Buy section at http://www.microsoft.com/smallbusiness. Partner Benefits of Microsoft Financing for Small Businesses Microsoft Financing was designed with the partner in mind. A payment calculator and a simple, two-page financing agreement make it easy for partners to propose a financing solution for the entire deal, serving as the primary contact for the customer. “Microsoft's compelling financing option is especially relevant to small businesses with smaller purchasing budgets and very limited IT personnel,” said Laura DiDio, research fellow at Yankee Group. “Businesses today should take advantage of the significant benefits available with the extended financing option. Partners that are not currently engaged with Microsoft Financing should seriously investigate this program for their customers.” The expanded Microsoft Financing offering could potentially help partners realize numerous business benefits, including increasing the size of the deal and helping it close more quickly. In addition, recent Microsoft research conducted with 436 members of the Microsoft Small Business Specialist Community in the United States showed that inadequate access to financing for customers was causing them to lose deals. For example, one-third of partners surveyed said 20 percent or more of their sales opportunities with small businesses fell through due to inadequate access to financing, and 90 percent said they would have won at least one additional deal with a small business if they could have offered financing. As a result, Microsoft Financing for small businesses can potentially help partners, including Small Business Specialists, to effectively reach their sales target, grow their sales volume and deliver the solutions that customers want. Small-business customers can get information about local partners by visiting the Connect With Us section at http://www.microsoft.com/smallbusiness. More information about Microsoft Financing can be found at http://www.microsoft.com/financing. About Microsoft Financing Microsoft Financing is a financing arm of Microsoft Corp. that is dedicated to making it easier to purchase Microsoft products through financing. Microsoft Financing works with commercial financing institutions to deliver optimal customer financing solutions.### Press Release ########################### Grant and English Join Lease Financial
PHILADELPHIA, PA. LEAF Financial Corporation a wholly owned subsidiary of Resource America (NASDAQ:REXI), announces it has named James Grant as Vice President of Portfolio Management. Jim is responsible for all of LEAF's Customer Service, Collections and Legal administration efforts. Prior to joining the LEAF team, Jim had a long and successful career in portfolio management for such companies as Financial Federal Credit Inc, CHN Capital Inc., American Express Equipment Finance and Credit Alliance/Leasing Service Corporation. In his position, Jim will lead LEAF's customer service, collections, and legal administration efforts. Dave English, Chief Investment Officer stated, “LEAF Financial Corporation is very happy to have Jim Grant as a member of the executive team. Jim's experience, knowledge and leadership will help to ensure that the LEAF's portfolio quality will be maintained at high standards.” Frank Monzo was named as Vice President of Portfolio Administration.Frank's duties include residual setting and residual realization, equipment remarketing, loan review, portfolio due diligence. Prior to joining the LEAF team, Frank was Vice President of Finance for ExecellaDerm Corporation, a medical device manufacturer based in Rancho Santa Margarita, CA. For 20 years prior to joining ExecellaDerm, Frank held a variety of positions in the commercial finance industry, most recently as Vice President and Portfolio Manager for Finova Capital Corporation's Corporate Finance Division. In his position, Frank will lead LEAF's residual setting and residual realization, equipment remarketing, loan review and portfolio due diligence efforts. Dave English, Chief Investment Officer stated, “Leaf is happy to have Frank Monzo join the executive team. Frank Monzo brings an extensive background in portfolio monitoring and asset realization to Leaf.” LEAF Financial Corporation is a commercial leasing company headquartered in Philadelphia, PA. LEAF's business model is to originate equipment leases by reaching the small to mid sized business market by forming strategic marketing alliances and other program relationships with equipment vendors, commercial banks and other financial institutions. After origination, LEAF manages the leases for its own account, institutions, and individual investors through investment partnerships and other investment vehicles.### Press Release ###########################
News Briefs---- Survey: 30% of companies to hire more America goes deeper into debt to foreigners as current account deficit hits record Retail Sales Fell in February, but Not as Much as Expected Knight Ridder Chief Expresses His Regrets Over Deal to Sell Newspapers Dell approves $1.8 million CEO bonus for fiscal 2006 ---------------------------------------------------------------
You May Have Missed Microsoft Developing Web's Largest Advertising Network, aimed at businesses under 10 employees http://www.microsoft.com/presspass/press/2006/mar06/03-14LargestAdNetworkPR.mspx ---------------------------------------------------------------
Sports Briefs---- Raiders' QB situation remains up in the air Drew Brees signed with the New Orleans Saints, Jon Kitna joined the Detroit Lions, Todd Collins went to the Washington Redskins, and Daunte Culpepper was traded from the Minnesota Vikings to the Miami Dolphins. Will Kerry Collins return. If it is Marques Tuiasosopo, Art Shell won't be there very long as coach. http://www.contracostatimes.com/mld/cctimes/14099998.htm Drew Brees will be marchin' in with the Saints http://www.signonsandiego.com/sports/chargers/20060314-9999-breesforweb.html ----------------------------------------------------------------
“Gimme that Wine” At Long Last, Wine in the Mail—Eric Asimov http://www.nytimes.com/2006/03/15/dining/15pour.html The Perfect Blend: Meritage Wines Will Toast Grand Opening of New Meritage Resort at Napa If you want to know if you got a value for your wine, or what the wine price is today, go to www.winezap.com Type in the vintage (year) and name of the producer with wine type or geographic area, such as 1995 Chateau Lynch Bages Pauillac. Even 1995 Lynch Bages will work, or 1999 Viader ----------------------------------------------------------------
Calendar Events This Day Ides Of March The Ides of March: In the Roman calendar the days of the month were not numbered sequentially. Instead, each month had three division days: kalends, nones and ides. Days were numbered from these divisions: e.g., IV Nones or III Ides. The ides occurred on the 15th of the month (or on the 13th in months that had less than 31 days). Julius Caesar was assassinated on this day in 44 BC. This system was used in Europe well into the Renaissance. When Shakespeare wrote "Beware the ides of March" in Julius Caesar his audience knew what he meant. Beware of what was to happen on March 15 th . Buzzard Day ----------------------------------------------------------------
Today's Top Event in History 1848-"The Californian" reported gold was discovered along the American River at a sawmill owned by Capt. John A. Sutter. News was not widely believed in San Francisco. ----------------------------------------------------------------
This Day in American History 1767- Andrew Jackson Birthday, 7th president of the US (Mar 4, 1829-Mar 3, 1837) was born in a log cabin at Waxhaw, SC. Jackson was the first president since George Washington who had not attended college. He was a military hero in the War of 1812. His presidency reflected his democratic and egalitarian values. Died at Nashville, TN, June 8, 1845. His birthday is observed as a holiday in Tennessee. ---------------------------------------------------------------- Winter Poem Beware the ides of March. Men at some time are masters of their fates: The Ides of March: In the Roman calendar the days of the month were not numbered sequentially. Instead, each month had three division days: kalends, nones and ides. Days were numbered from these divisions: e.g., IV Nones or III Ides. The ides occurred on the 15th of the month (or on the 13th in months that had less than 31 days). Julius Caesar was assassinated on this day in 44 BC. This system was used in Europe well into the Renaissance. When Shakespeare wrote "Beware the ides of March" in Julius Caesar his audience knew what he meant. Beware of what was to happen on March 15th |
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